I'd wonder how well flood and 1xAAA really go together for many people - for a floody light there is some minimum amount of light that is useful for general movement. etc, and that does take some amount of power.
If the light is going to end up costing pretty much the same (component costs similar, machining costs maybe not much different) as a 1xAA for ~40% of the power capacity there might be a relatively limited market.
Not that I might not be in the market for such a thing myself, given suitable power levels and a realistic price, but only because I have a particular niche in mind that few might share (fastening a light on my helmet under my main light).




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